U.S. City and State Government Agencies Adopt Interactive Data`s Fixed Income Analytics Offerings

* Reuters is not responsible for the content in this press release.

Wed Jun 24, 2009 9:00am EDT

Municipalities Leverage Capabilities of BondEdge to Assist with Investment Risk
Management Processes
NEW YORK--(Business Wire)--
Interactive Data Corporation (NYSE: IDC), a leading provider of financial market
data, analytics and related solutions, today announced that a growing number of
U.S. city and state agencies are utilizing services offered by its Fixed Income
Analytics business. 

The Company currently provides its market-leading BondEdge service to a wide
range of city and state government investment managers - including six new
clients that have subscribed to the service since the beginning of 2009.
BondEdge city and state clients include the City of Los Angeles, the San
Francisco Employees' Retirement System (SFERS) and additional city and county
public employee retirement systems, state investment councils, state and county
treasuries, teachers retirement systems, and permanent school funds. 

BondEdge can help municipalities with their due diligence processes and respond
to reporting requirements such as GASB 40: Deposit and Investment Risk
Disclosures. In addition, this service can assist government entities in
monitoring funds that are managed by external investment firms. BondEdge is
designed to analyze portfolio risk and help identify opportunities using robust
modeling techniques and advanced research. It features fixed income security
analytics, bond swap, and portfolio "what-if" capabilities that collectively can
help support portfolio analysis and risk management processes. 

"In the past, state and government agencies tended to look toward ratings firms
for `peace of mind` in assessing credit risk with respect to their portfolios"
said Keith Webster, managing director, Interactive Data Fixed Income Analytics.
"In today`s market environment, these organizations recognize the need to
supplement those activities by working with independent providers of fixed
income analytics whose services can assist with due diligence, including
determining exposure to credit, probability of default, and the number of
callable securities in their investment portfolios. Interactive Data is
committed to providing tools to these agencies to help support their risk
management activities." 

BondEdge can also be customized into a "service bureau level" solution for
smaller municipalities. Built on the Microsoft .NET Framework, BondEdge features
an application programming interface (API) that enables clients to access the
BondEdge platform from Microsoft Excel and other third-party applications.
Additional information about BondEdge is available at
www.interactivedata-fia.com. 

About Interactive Data Corporation

Interactive Data Corporation (NYSE: IDC) is a leading global provider of
financial market data, analytics and related solutions to financial
institutions, active traders and individual investors. The Company's businesses
supply real-time market data, time-sensitive pricing, evaluations and reference
data for millions of securities traded around the world, including hard-to-value
instruments. Many of the world's best-known financial service and software
companies subscribe to the Company's services in support of their trading,
analysis, portfolio management and valuation activities. Interactive Data,
headquartered in Bedford, Mass., has approximately 2,400 employees in offices
located throughout North America, Europe, Asia and Australia. Pearson plc (NYSE:
PSO; LSE: PSON), an international media company, whose businesses include the
Financial Times Group, Pearson Education, and the Penguin Group, is Interactive
Data Corporation's majority stockholder. 

Interactive Data`s Fixed Income Analytics business is a leading provider of
fixed income portfolio analytics to the investment community with decades of
expertise. Its client base includes more than 400 leading banks, investment
managers, brokerage firms, insurance companies and pension funds throughout
North America and Europe. This business is known for its flagship product,
BondEdge, which allows customers to identify opportunities and analyze portfolio
risk using robust modeling techniques. Interactive Data also provides direct
access to sophisticated risk measures for a wide universe of fixed income
securities via its analytical datafeed service. 

For more information about Interactive Data Corporation and its businesses,
please visit www.interactivedata.com

Interactive DataSM, the Interactive Data logo and BondEdge are service marks or
trademarks of Interactive Data Corporation. 





Interactive Data Corporation
Investors:
Andrew Kramer, 781-687-8306
andrew.kramer@interactivedata.com
or
Media:
Brian Willinsky, 781-687-8291
brian.willinsky@interactivedata.com

Copyright Business Wire 2009

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.